320 W Cervantes St Pensacola, FL 32501

This stunning 1,757 sq ft renovated historic office building, originally built in 1908 and updated in 1980, is located at 320 W Cervantes St, Pensacola, FL 32501, within the North Hill Preservation District (PR-2 zoning). The property boasts five spacious offices, a nicely updated kitchen, two restrooms (one with a shower), and two storage rooms. A bonus sunroom with an ADA-compliant wheelchair ramp adds to its appeal. The 2023 HVAC upgrade ensures modern comfort. The building retains beautiful original architectural details including wood molding, hand-carved fireplaces (five, capped-off), original wood doors and hardware, leaded glass windows, 11-foot ceilings, and refinished hardwood floors. A welcoming front and side porch enhance its historic charm. The property includes five dedicated parking spaces and a shared driveway easement. Its prime location on Cervantes Street, between Reus and Barcelona Streets, offers high visibility and easy access to downtown amenities and a diverse mix of professional businesses. This income-generating property, situated on a 0.2177 acre lot, presents a unique investment opportunity with a net size of 1,757 sq ft and a total building size of 2,477 sq ft. The asking price is $370,000, generating a net operating income of $27,300. This is an ideal addition to any investor's portfolio seeking long-term, stable income.